What is Carnival Corporation's total debt?

Carnival Corporation (CCL) reported total debt of $28.82B in Q4 2025.

How has Carnival Corporation's total debt changed year-over-year?

Carnival Corporation's total debt decreased by 5.9% year-over-year, from $30.62B to $28.82B.

What is the long-term trend for Carnival Corporation's total debt?

Over 5 years (2020 to 2025), Carnival Corporation's total debt has grown at a -0.5% compound annual growth rate (CAGR), from $32.09B to $31.34B.

Carnival Corporation CCL Total debt

Total debt at other companies

Norwegian Cruise Line Holdings Ltd.NCLH

$15.19B+8.3%

Royal Caribbean GroupRCL

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Walt DisneyDIS

——

Hyatt HotelsH

——

Packaging Corp of AmericaPKG

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Other financials

Income statement

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Revenue$6.2B+6.1%

Gross profit$3.8B+4.9%

Operating income$607.0M+11.8%

Net income$258.0M+431%

EPS (diluted)$0.19+417%

Balance sheet

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Cash & equivalents$1.5B+70.2%

Total equity$13.0B+41.9%

Total assets$51.6B+6.2%

Cash flow

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Operating cash flow$1.3B+36.5%

CapEx$566.0M-6.8%

Free cash flow$697.0M+119%

Valuation

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Market cap$42.76B+34.8%

Enterprise value$70.13B+14.3%

P/E13.8×-1.7×

P/S1.6×+0.3×

Profitability

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Gross margin39.5%+2.5pp

Operating margin16.9%+1.7pp

Net margin11.5%+3.4pp

FCF margin11.1%+3.3pp

Returns & leverage

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Return on equity27.9%+2.0pp

Debt / equity2.2×-1.1×

Current ratio0.3×0.0×

Where this comes from

Calculated from Carnival Corporation’s reported figures.

$26.0Blong term debt+$1.5Bcurrent portion long term debt=$28.82B

Plus components not separately reported this period.

The official record: Carnival Corporation’s 10-Q, filed March 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carnival Corporation's total debt?: Carnival Corporation (CCL) reported total debt of $28.82B in Q4 2025.
How has Carnival Corporation's total debt changed year-over-year?: Carnival Corporation's total debt decreased by 5.9% year-over-year, from $30.62B to $28.82B.
What is the long-term trend for Carnival Corporation's total debt?: Over 5 years (2020 to 2025), Carnival Corporation's total debt has grown at a -0.5% compound annual growth rate (CAGR), from $32.09B to $31.34B.